律动BlockBeats|Nov 18, 2025 10:36
**[Overview of Mainstream Perp DEXs: Hyperliquid's $9.6 Billion Trading Volume Returns to the Top, Lighter Drops to Second Place]**
BlockBeats reports that on November 18, according to Defilama data, the 24-hour trading volume of mainstream Perp DEXs remains below $10 billion. However, Hyperliquid and Lighter have seen slight recoveries in trading volume compared to yesterday. Current trading volumes for some Perp DEXs are as follows:
- **Hyperliquid**: 24-hour trading volume approximately $9.63 billion, TVL approximately $4.55 billion, open interest $7.95 billion;
- **Lighter**: 24-hour trading volume approximately $9.51 billion, TVL approximately $1.19 billion, open interest $1.72 billion;
- **Aster**: 24-hour trading volume approximately $9.39 billion, TVL approximately $1.44 billion, open interest $2.25 billion;
- **EdgeX**: 24-hour trading volume approximately $7.11 billion, TVL approximately $480 million, open interest $774 million;
- **ApeX**: 24-hour trading volume approximately $2.63 billion, TVL approximately $49.33 million, open interest $38.55 million;
- **Backpack**: 24-hour trading volume approximately $2 billion, TVL not yet disclosed, open interest $196 million;
- **Variational**: 24-hour trading volume approximately $1 billion, TVL approximately $69.46 million, open interest $419 million;
- **Pacifica**: 24-hour trading volume approximately $1.15 billion, TVL approximately $41.71 million, open interest $53.23 million.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink